Brown Miller Wealth Management LLC Purchases New Stake in Science Applications International Co. (NYSE:SAIC)

Brown Miller Wealth Management LLC purchased a new stake in Science Applications International Co. (NYSE:SAIC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,983 shares of the information technology services provider's stock, valued at approximately $335,000.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in Science Applications International by 22.7% during the 1st quarter. Fifth Third Bancorp now owns 475 shares of the information technology services provider's stock worth $53,000 after buying an additional 88 shares during the period. Xponance Inc. increased its position in Science Applications International by 1.5% during the 4th quarter. Xponance Inc. now owns 6,869 shares of the information technology services provider's stock worth $768,000 after buying an additional 99 shares during the period. Mariner LLC increased its position in Science Applications International by 2.8% during the 4th quarter. Mariner LLC now owns 3,875 shares of the information technology services provider's stock worth $433,000 after buying an additional 106 shares during the period. Pictet Asset Management Holding SA increased its position in Science Applications International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,029 shares of the information technology services provider's stock worth $786,000 after buying an additional 142 shares during the period. Finally, Parallel Advisors LLC increased its position in Science Applications International by 112.1% during the 1st quarter. Parallel Advisors LLC now owns 280 shares of the information technology services provider's stock worth $31,000 after buying an additional 148 shares during the period. Institutional investors own 76.00% of the company's stock.

Science Applications International Stock Performance

NYSE:SAIC opened at $105.00 on Tuesday. The stock's 50-day simple moving average is $115.49 and its 200 day simple moving average is $111.91. The firm has a market capitalization of $4.92 billion, a PE ratio of 17.71 and a beta of 0.50. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. Science Applications International Co. has a twelve month low of $94.68 and a twelve month high of $156.34.

Science Applications International (NYSE:SAIC - Get Free Report) last released its quarterly earnings data on Monday, June 2nd. The information technology services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.25). Science Applications International had a net margin of 4.11% and a return on equity of 24.18%. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business earned $1.92 earnings per share. On average, analysts anticipate that Science Applications International Co. will post 8.27 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Friday, July 11th. Science Applications International's dividend payout ratio (DPR) is presently 20.76%.

Analyst Ratings Changes

Several research analysts have weighed in on SAIC shares. Truist Financial lowered their price objective on Science Applications International from $115.00 to $100.00 and set a "hold" rating on the stock in a research report on Tuesday, June 3rd. Barclays decreased their price target on Science Applications International from $115.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. Jefferies Financial Group raised their price target on Science Applications International from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Thursday, May 15th. UBS Group decreased their price target on Science Applications International from $121.00 to $111.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Finally, Cantor Fitzgerald upgraded Science Applications International to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $124.20.

Insider Activity

In other news, Director Garth Graham purchased 215 shares of the business's stock in a transaction dated Monday, April 14th. The shares were purchased at an average cost of $116.75 per share, with a total value of $25,101.25. Following the completion of the purchase, the director now owns 7,159 shares of the company's stock, valued at $835,813.25. This trade represents a 3.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carolyn B. Handlon purchased 230 shares of the business's stock in a transaction dated Monday, April 7th. The shares were purchased at an average cost of $109.93 per share, for a total transaction of $25,283.90. Following the completion of the purchase, the director now directly owns 4,032 shares of the company's stock, valued at approximately $443,237.76. This represents a 6.05% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 3,260 shares of company stock valued at $365,037. 0.44% of the stock is currently owned by corporate insiders.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.

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